Publication Date:
Wed, 2011-11-23 01:48
The shares plummeted 11.09 percent to 1.20 euros ($1.62) in late afternoon trading after reports surfaced that the bank could require some 5 million euros to build its core capital buffer. That is well above the 2.94 million euros the bank had said was needed.
The bank, Germany's largest, refused to comment on the reports.
Commerzbank, which is 25 percent owned by the German government, posted a 687 million euro loss in the third quarter due to a large reduction in earnings because of the Greek government debt crisis.
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